Phoenix Group’s Chief Risk Officer Exercises Share Options

Phoenix Group Holdings ( (GB:PHNX) ) has shared an update.

Phoenix Group Holdings plc announced that Brid Meaney, the Group Chief Risk Officer, exercised nil-cost options over 8,977 ordinary shares under the company’s Deferred Bonus Share Scheme. The exercise, which included the sale of 4,254 shares to cover tax liabilities, reflects the vesting of options tied to a deferred bonus from the financial year ended 31 December 2021. This transaction, conducted on the London Stock Exchange, underscores the company’s ongoing commitment to aligning managerial incentives with shareholder interests.

The most recent analyst rating on (GB:PHNX) stock is a Hold with a £628.00 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.

Spark’s Take on GB:PHNX Stock

According to Spark, TipRanks’ AI Analyst, GB:PHNX is a Neutral.

Phoenix Group Holdings’ overall stock score reflects a mixed financial performance with strong revenue growth but weak profitability and high leverage. Technical indicators suggest bearish momentum, while the valuation is challenged by negative earnings but supported by a high dividend yield. The recent earnings call provided a positive outlook with strategic progress and strong market positioning, offsetting some of the financial and technical concerns.

To see Spark’s full report on GB:PHNX stock, click here.

More about Phoenix Group Holdings

Phoenix Group Holdings plc operates in the financial services industry, primarily focusing on life insurance and pension funds. The company is known for managing and acquiring closed life insurance and pension funds, providing services to policyholders and stakeholders across the UK and Europe.

Average Trading Volume: 2,372,978

Technical Sentiment Signal: Buy

Current Market Cap: £6.18B

For an in-depth examination of PHNX stock, go to TipRanks’ Overview page.